Form 990 for tax year 2024
Filed by GERMAN AMERICAN CHAMBER OF COMMERCE INC.
Totals
- Total revenue
- $8,015,491
- Total expenses
- $7,581,139
- Contributions and grants received
- $3,350,670
- Grants paid
- $0
- Program service revenue
- $4,637,407
- Investment income
- $200
- Other revenue
- $27,214
- Total assets, end of year
- $4,662,194
- Total liabilities, end of year
- $1,928,967
- Net assets or fund balances, end of year
- $2,733,227
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $7,383,699
Listed in Part VII
-
Volker Baer
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie Tully
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Dirk Janzen
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Hilde Holland Esq
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Rudiger Albers
Director
- Total calculated
- $0
- Hours/week
- 1
-
Attila Arian
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephan Born
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christian C Brune
Director
- Total calculated
- $0
- Hours/week
- 1
-
Michael Bueker
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Campbell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Maysa Dahdouli
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sven Doerge
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jean-Claude Dubacher
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marc Ehrhardt
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jan Heck
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Alexander P Imberg
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christian Jagenberg
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rick Kasnick
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stefan Koss
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ragnar Kruse
Director
- Total calculated
- $0
- Hours/week
- 1
-
Uve Kupka
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lutz Labisch
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lars Leitner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matthew Lessler
Director
- Total calculated
- $0
- Hours/week
- 1
-
Pernille Lind Olsen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sebastian Mackensen
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ralph-Peter Mueller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marco Schnabl
Director
- Total calculated
- $0
- Hours/week
- 1
-
James H Sullivan
Director
- Total calculated
- $0
- Hours/week
- 1
-
Susanne von Turk
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bruce R White
Director
- Total calculated
- $0
- Hours/week
- 1
-
Reinhard Wieck
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anthony Williams
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katrin Zimmermann
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Detjen
Honorary Director
- Total calculated
- $0
- Hours/week
- 1
-
Andreas Fibig
Honorary Director
- Total calculated
- $0
- Hours/week
- 1
-
Caroll H Neubauer
Honorary Director
- Total calculated
- $0
- Hours/week
- 1
-
Stanford Warshawsky
Honorary Director
- Total calculated
- $0
- Hours/week
- 1
-
Susanne Gellert
President & CEO
- Total calculated
- $467,952
- From this org
- $312,709
- From related orgs
- $59,563
- Other
- $95,680
- Hours/week
- 40 + 6.4 related
Schedule J breakdown matched by us
- Base
- $312,709 + $59,563 related
- Bonus
- $0
- Other
- $0
- Deferred
- $67,925 + $12,938 related
- Nontaxable benefits
- $12,446 + $2,371 related
- Filer's total
- $393,080 + $74,872 related
-
Martin Kaiser
Vice President & Treasurer
- Total calculated
- $284,121
- From this org
- $174,178
- From related orgs
- $33,177
- Other
- $76,766
- Hours/week
- 40 + 6.8 related
Schedule J breakdown matched by us
- Base
- $174,178 + $33,177 related
- Bonus
- $0
- Other
- $0
- Deferred
- $51,972 + $9,185 related
- Nontaxable benefits
- $13,117 + $2,492 related
- Filer's total
- $239,267 + $44,854 related
-
Claus Habermeier
Director GTAI
- Total calculated
- $220,367
- From this org
- $179,603
- From related orgs
- $0
- Other
- $40,764
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $179,603
- Bonus
- $0
- Other
- $0
- Deferred
- $25,875
- Nontaxable benefits
- $14,889
- Filer's total
- $220,367
-
Matthew Allen
Director Career & Education
- Total calculated
- $272,022
- From this org
- $170,444
- From related orgs
- $0
- Other
- $101,578
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,444
- Bonus
- $0
- Other
- $0
- Deferred
- $57,557
- Nontaxable benefits
- $44,021
- Filer's total
- $272,022
-
Irene Fuchs
Director Membership/Events
- Total calculated
- $226,420
- From this org
- $168,691
- From related orgs
- $0
- Other
- $57,729
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,691
- Bonus
- $0
- Other
- $0
- Deferred
- $56,085
- Nontaxable benefits
- $1,644
- Filer's total
- $226,420
-
Nicholas Anderson
Director IT Administration
- Total calculated
- $198,159
- From this org
- $144,333
- From related orgs
- $16,037
- Other
- $37,789
- Hours/week
- 40 + 4 related
Schedule J breakdown matched by us
- Base
- $144,333 + $16,037 related
- Bonus
- $0
- Other
- $0
- Deferred
- $32,537 + $3,615 related
- Nontaxable benefits
- $1,473 + $164 related
- Filer's total
- $178,343 + $19,816 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- Part I, Line 3
- The top management official of the organization, the President and CEO, has his compensation determined by the government of Germany and the Board of Directors of the GACC. All salary decisions for the officers of the organization are reviewed and approved by the Deutscher Industrie-und Handelskammertag, which is acting on behalf of the German government.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Philadelphia-German American Chamber of Commerce
501(c)(6) · Support trade · PA
-
Representative of German Business
501(c)(6) · Support trade · CA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Bavarian US Offices For Economic Development
Business Deveopment · NY · income $943,728 · assets $104,118
Directly controlled by German American Chamber Of Commerce
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Trade Show Services-GACC NY Inc
C · Trade Show · NY · 100% owned · share of income $938,155 · share of assets $1,190,451 · controlled entity
Directly controlled by German American Chamber of Commerce
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 October 2024
- IRS schema version
- 2024v5.2
- Source object
- 202522949349301337
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